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Article: Merged banks to have most teller machines
- Article from:
- Sunday Star-Times
- Article date:
- May 12, 1996
- Author:
CopyrightCopyright 1996 Sunday Star-Times. Provided by ProQuest LLC. (Hide copyright information)
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THE combined Westpac-Trust Bank group will be the biggest owner of
electronic banking, or automatic teller machines, when the banks
merge in about six weeks.
It will own and operate 451 machines, compared with 136 owned by
the Bank of New Zealand.
However, Godfrey Boyce, of KPMG, the accountancy firm that last
week released the 1996 bank performance statistics, said customers of
the BNZ would still have greater access to teller machines.
"The BNZ has worked flat out establishing relationships with rival
banks, which allows its customers to use their machines," he said.
"This means a BNZ customer can use 1110 machines from North Cape
to Bluff, while only 1000 will be available to Westpac and ...